Property description

ARBORETUM: Situated around half a mile for the City Centre, this two bedroom 2nd floor apartment has been rented since it was built around 10 years ago, and provides a steady income of £550 per month, giving a gross return of 6.9%. The development is popular with a mix of professional, and latter year students and it comes with one parking space. The current tenancy is on a periodic basis, so vacant possession can be obtained for owner occupation purchases.


Why Should I View?
The flat would suit an owner-occupier or an investor that wants a well maintained flat with easy access to town. The Arboretum is a solid rental area close to NTU, and within walking distance of the city.

Additional Information 
The property comes with one allocated parking space. Annual ground rent and service charge for 2015 is £925 and the lease was issued in 2000 for 150 years.

Property Features :

• Tenanted at £550 a month
• Second Floor
• 2 Bedrooms
• Separate Kitchen
• Secure Allocated Parking